ANATOMY OF A
MILLION DOLLAR CRIME RING
Highlights from an actual criminal scheme involving proceeds from:
Identity Fraud • Loan Fraud • Check Fraud • Credit Card Fraud • ACH Fraud
BY THE NUMBERS
20
RISKY
28
FINANCIAL
INSTITUTIONS
ENTITIES
MN
4YEARS IN
NY
IL
CO
NJ
OK
AZ
TX
9
FL
STATES
OPERATION
AZ, OK, IL, NY, NJ, MN, CO, FL, TX
KEY PLAYERS – AT DIFFERENT INSTITUTIONS
KEY
PLAYERS
DIFFERENT INSTITUTIONS
5
FRANK
6
TOMMY
DIANE
8
THOMAS JR.
8
THOMAS
8
9
MARY
TOM
10
VALERIE
10
12
ANNE
14
GEORGE
15
NEIL
ONE CRIMINAL – 4 IDENTITIES
THOMAS
THOMAS JR.
USED
MULTIPLE SSNs
TOMMY
!
!
TOM
USED
FRAUDULENT PAY STUBS
“THOMAS”
1 PERSON 32 ACCOUNTS 18 INSTITUTIONS
MONEY
LAUNDERING
IDENTITY
FRAUD
LOAN
FRAUD
ACH
FRAUD
CREDIT CARD
FRAUD
CHECK
FRAUD
$180,000
IN CRIMINAL PROCEEDS
CRIME RING – REPORTED CRIMINAL PROCEEDS TO DATE
$1,000,000
TOTAL
CRIMINAL PROCEEDS
REPORTED TO DATE
INCLUDING MONEY LAUNDERING, LOAN, ACH, CREDIT CARD & CHECK FRAUD
THOMAS
$180,000
GEORGE
MONEY LAUNDERING, LOAN,
ACH, CREDIT CARD & CHECK FRAUD
$136,000
LOAN
FRAUD
$90,000
MARY
LOAN
FRAUD
*as of July 2016
ANATOMY OF A CRIME RING
$300M
GEORGE
9 INSTITUTIONS
4 STATES
$1.3B
in assets
$167M
in assets
MARY
$3.5B
8 INSTITUTIONS
5 STATES
in assets
DIANE
$520M
in assets
ANNE
in assets
THOMAS JR.
6 INSTITUTIONS
4 STATES
$627M
in assets
$1.6B
in assets
$1.0B
New York
in assets
$2.2B
in assets
8 INSTITUTIONS
5 STATES
$500M
in assets
in assets
THOMAS
in assets
in assets
$1.0B
8 INSTITUTIONS
5 STATES
$2.3B
$300M
$2.3B
13 INSTITUTIONS
4 STATES
$200M
Florida
in assets
New Jersey
Colorado
in assets
$4.2B
Minnesota
14 INSTITUTIONS
5 STATES
in assets
TOMMY
$300M
10 INSTITUTIONS
5 STATES
in assets
TOM
Arizona
16 INSTITUTIONS
6 STATES
NEIL
$800M
in assets
in assets
$400M
in assets
10 INSTITUTIONS
4 STATES
$8.5B
in assets
in assets
5 INSTITUTIONS
3 STATES
M
FRANK
Texas
$595
$6.7B
VALERIE
in assets
Illinois
in assets
$6.3B
$3.5B
in assets
$1.0B
$9.0B
in assets
$10,000,000
Conservative estimates of the total criminal proceeds from this crime ring:
1.877.368.9986
info@verafin.com
www.verafin.com/framlx